Wells Fargo Plans 2-Year Ethics Review Amid Bank Scrutiny

(Bloomberg) -- Wells Fargo, which has set aside the least money for legal costs among the four biggest U.S. banks, will conduct an internal review of its ethics as the industry grapples with a surge in probes and lawsuits.

The analysis led by Christine Meuers, a deputy general counsel, will examine standards for how employees should act and procedures for handling conflicts of interest across more than 80 business lines, said Mary Eshet, a spokeswoman for the San Francisco-based bank. The review will start Jan. 1 and last 18 to 24 months, Eshet said.